Tag Archives: Breon Corcoran

Betfair switches to a B2B model in Australasia

Betfair PLC today announces that it has sold its 50% stake in Betfair Australasia Pty Limited (“Betfair Australia”) to joint-venture partner Crown Resorts Limited Betfair has concurrently entered into an agreement with Crown to continue to provide its betting exchange in Australasia under a B2B model and will receive a share of revenues generated by the exchange in those markets. …

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Betfair On Course For Top End Target

Igaming and sports betting exchange operators Befair stated that it was on course to hit its full year performance targets, following a strong third quarter performance. The operator had witnessed positive results with revenues increasing by 5% to £95.8m driven by a 12% increase in its regulated market operations. Betfair had also seen a positive impact on its EBITA earnings …

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